Kazakhstani Tenge (KZT) Exchange Rates on 07th December 2019 (07/12/2019)
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Exchange rates for Kazakhstani Tenge (KZT)
| Updated: 2019-12-07 | |||||||||
| Convert from | Convert to | 1 KZT | Conversion | in currency | Conversion | ||||
 KZT |
 GBP |
0.002 | KZT to GBP | 507.1149 | GBP to KZT | ||||
| KZT |
 BGN |
0.0046 | KZT to BGN | 218.5267 | BGN to KZT | ||||
| KZT |
 HRK |
0.0174 | KZT to HRK | 57.385 | HRK to KZT | ||||
| KZT |
 CZK |
0.0598 | KZT to CZK | 16.7217 | CZK to KZT | ||||
| KZT |
 DKK |
0.0175 | KZT to DKK | 57.1267 | DKK to KZT | ||||
| KZT |
 EEK |
0 | KZT to EEK | 0 | EEK to KZT | ||||
| KZT |
 HUF |
0.7757 | KZT to HUF | 1.2892 | HUF to KZT | ||||
| KZT |
KZT |
1 | KZT to KZT | 1 | KZT to KZT | ||||
| KZT |
 LVL |
0.0016 | KZT to LVL | 638.0194 | LVL to KZT | ||||
| KZT |
 LTL |
0.0077 | KZT to LTL | 130.7028 | LTL to KZT | ||||
| KZT |
 MKD |
0.1439 | KZT to MKD | 6.9507 | MKD to KZT | ||||
| KZT |
 MDL |
0.0451 | KZT to MDL | 22.1873 | MDL to KZT | ||||
| KZT |
 NOK |
0.0237 | KZT to NOK | 42.2412 | NOK to KZT | ||||
| KZT |
 PLN |
0.01 | KZT to PLN | 99.8155 | PLN to KZT | ||||
| KZT |
 RON |
0.0112 | KZT to RON | 89.3132 | RON to KZT | ||||
| KZT |
 RUB |
0.165 | KZT to RUB | 6.0612 | RUB to KZT | ||||
| KZT |
 SKK |
0 | KZT to SKK | 0 | SKK to KZT | ||||
| KZT |
 SEK |
0.0246 | KZT to SEK | 40.6455 | SEK to KZT | ||||
| KZT |
 CHF |
0.0026 | KZT to CHF | 389.4026 | CHF to KZT | ||||
| KZT |
 TRY |
0.015 | KZT to TRY | 66.8095 | TRY to KZT | ||||
| KZT |
 UAH |
0.0615 | KZT to UAH | 16.2724 | UAH to KZT | ||||
Kazakhstani Tenge (KZT)
Sign лв
1 Kazakhstani Tenge is subdivided into 100 tiin.
The Kazakhstani tenge uses the international currency code of KZT and is the official currency used in the Republic of Kazakhstan. Each tenge is written in monetary transactions by the symbol "лв" and each tenge can be split into 100 tiin. The name "tenge" can be translated to mean "scales" or a "set of scales" and is near in relation to the Russian word for money, den'gi. The central bank of Kazakhstan is the National Bank of Kazakhstan, this central bank is the sole issuer of the currency and manages monetary policy that has a direct impact on its value worldwide.
Coins used:
1, 2, 5, 10, 20, 50, 100 tenge
Banknotes used:
200, 500, 1,000, 2,000, 5,000, 10,000 tenge
Central Bank
National Bank of Kazakhstan
http://www.nationalbank.kz
The National Bank of Kazakhstan has in current circulation denominations of coins available as 1, 2, 5, 10, 20, 50, and 100 tenge and banknotes available as 200, 500, 1,000, 2,000, 5,000, and 10,000 tenge. Clearly absent are any coins denominated in the sub unit of the tenge, the tiin. This is because Kazakhstan has experienced substantial inflation over the years and as such the tiin quickly became obsolete, though the value of the tiin does continue to show itself in accounting.
Kazakhstan has as its largest export crude oil and with the price of crude increasing over the last decade the cash inflow from that crude oil export has grown the Kazakhstan GDP considerably where 7 of the last ten years the Kazakhstan GDP has increased by over 9.6% annually. With this growth and the large amount of incoing currencies inflation has been a persistent problem hovering between 7%-9% for years and pushing 7.8% in 2010. How the National bank of Kazakhstan plans to address inflation or if it finds it as an acceptable consequence of fast growth is not known nor has it been publicly addressed. The consequences of this lack of clarity and/or policy action will play out over the coming years and leave outsiders hesitant to hold KZT for any significant length of time.
Other References
Wikipedia article on Kazakhstani Tenge
XE.com Live Currency Converter for KZT
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